Premiums Archives - Harry Levine Insurance

Why Are Home Insurance Quotes So Different?

Posted on August 18, 2020 by Jason Levine in Homeowners Insurance, Homeowners Insurance, Premiums with No comments

If you’ve shopped for home insurance recently, you might be wondering something…

Why are home insurance quotes so different between carriers?

It’s great to get home insurance quotes from multiple companies before settling on one. After all, isn’t that how you get the best value on your insurance?

But it begs the question,” why do homeowners insurance quotes differ so much?”

In last month’s article, “How Does Insurance Work?” we discussed how certain risk factors (or liabilities) can increase the amount you have to pay toward your premium or deductible. This might explain why insurance on your three-bedroom ranch is so different from your sister’s McMansion, but can it explain why your house received four completely different quotes from four different companies?

Turns out, there is a good explanation for that!
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Who Has the Cheapest Car Insurance?

Posted on July 15, 2020 by Jason Levine in Auto Insurance, Auto Insurance, Car Insurance, Car Insurance, Premiums with No comments

Looking for the best deal on auto insurance?

In this article, we’ll find out who has the best car insurance for you and your budget.

Whether you own your car outright or you have a monthly payment, just about everybody is looking to save money on car insurance.

But if you’re typing “Who has the cheapest car insurance?” into Google, you might be asking the wrong question.
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How Does Insurance Work?

Posted on July 3, 2020 by Jason Levine in Coverages, Deductible, Premiums with No comments

You have insurance, but do you understand it?

In this article, we’ll be tackling the question, “How does insurance work?”

You know that insurance is designed to protect you from the financial consequences of a loss. But how does insurance work, exactly?

In this article, we’ll be looking under the hood of the insurance industry to show you how the process works (and how you can be sure to get the biggest bang for your buck).

4 Reasons Why Your Home Insurance Premiums Increased

Posted on June 23, 2020 by Jason Levine in Homeowners Insurance, Homeowners Insurance, Personal Lines, Premiums with No comments

You haven’t filed a home insurance claim in years…so why do your rates keep going up?

Here are four reasons why your home insurance premiums increased (that have nothing to do with your claims history).

Like most Florida homeowners, you probably noticed that your home insurance premiums increased over last year, even though you didn’t file a single claim. What’s up with that?

If you’ve always assumed that increased premiums are caused by increased claims, you’re right. But that’s only part of the story.

There are several reasons why your home insurance premiums increased recently (and why it’s likely they will next year, too) that have nothing to do with how many claims you filed.

How Much Does Business Insurance Cost? (7 Factors That Affect Your Premiums)

Posted on April 9, 2020 by Jason Levine in Commercial Insurance, Commercial Insurance, Premiums with No comments

No business should be without insurance.

But what does business insurance cost? Here are 7 things that determine your premium amounts.

There are few ventures more exciting than starting a new business. Picking a business name, designing a logo, looking for real estate…you’re turning all these dreams into reality.

While insurance may not have the same appeal as developing a menu or decorating an office, it has arguably the biggest impact on your business’ success. That is why the Harry Levine Insurance agency places such a strong emphasis on educating our clients on the policies available to them.

In this article, we’ll be tackling one of the most pressing concerns for business owners: How much does business insurance cost?

The problem is, your insurance premiums depend a lot on your unique business. But since it doesn’t help to say, “It all depends; contact your agent,” we’ll give you some insight into seven different factors that have an affect on the cost of business insurance.
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What Is a Hard Insurance Market (& What Can You Do About It)?

Posted on March 18, 2020 by Jason Levine in Coverages, Premiums with No comments

Have you started seeing higher insurance premiums with less coverage?

A hard insurance market is likely to blame. (And the bad news? It’s just getting started.)

From a layperson’s point of view, your insurance policy can appear pretty nebulous. An underwriter puts your data into a computer, calculates a few algorithms, gazes into a crystal ball, reads some tea leaves, writes down the last number they dreamed about, and that’s your premium amount.

Wait…is that not how it works?
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Understanding Your Insurance Score

Posted on October 22, 2019 by Jason Levine in Premiums with No comments

You probably already know your credit score, but did you know that you also have an insurance score?

If not, you’re not alone. Most people go their whole lives without knowing that their insurance score even exists, much less what it is. However, because your insurance score is used to calculate your premiums, this is one instance in which ignorance is not bliss.

In this article, we’ll discuss what your insurance score is, how it’s calculated, and why companies use it.
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10 home maintenance tips to reduce claims and home insurance rates

10 Tips to Reduce Claims and Home Insurance Rates

Posted on October 10, 2019 by Jason Levine in Homeowners Insurance, Homeowners Insurance, Inspections, Premiums, Travel, Vacation with No comments

There are a lot of factors that help determine your home insurance rates, but none are so easy to control as proper home maintenance.

Taking care of your home prevents wear and tear, damage, and the stress of having to deal with a middle-of-the-night emergency. When your home performs the way it should, you not only live better, you can breathe easier. And so can your insurance company when they consider how much of your risk they are taking on.

More claims lead to higher home insurance rates, so proper home maintenance is one way to keep your premiums down.
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How Long Does a Roof Last? (The Age of Your Roof and Insurance)

How Long Does a Roof Last?: Age of Roof and Insurance

Posted on September 16, 2019 by Jason Levine in Coverages, Homeowners Insurance, Homeowners Insurance, Premiums, Storms, Storms with 24 comments

Your home does a lot for you: it keeps you warm and dry, it keeps you safe, and it keeps all your things in one place. Aside from the odd repair or two, it’s holding up and doing its job well.

That’s why it comes as such as shock when your insurance company informs you that your roof age is too old and they are going to drop your homeowners insurance coverage if you don’t get a new one.

Huh?
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